Cftc Mat Rule

Cftc headquarters three lafayette centre 1155 21st street nw washington dc 20581 202 418 5000.

Cftc mat rule.

Made available to trade determinations for certain interest rate and credit default swap contracts. Swap execution facilities sefs are trading facilities that operate under the regulatory oversight of the cftc pursuant to section 5h of the commodity exchange act the act 7 u s c. 7b 3 sefs were created by the addition of section 5h of the act by section 733 of the dodd frank wall street reform and consumer protection act dodd frank act for the trading and processing of swaps. Commodity pool operators and commodity trading advisors 5.

Law regulation commodity exchange act regulations the laws authorizing cftc s activities and the regulations issued by cftc to carry out those activities as well as related rulemaking enforcement and adjudicatory references. Last week the cftc certified certain interest rate and credit default swaps in usd eur and gbp currencies to be mat. A new initiative to accelerate cftc engagement with responsible fintech innovation and make the cftc more accessible to innovators. Cftc regulation 40 11 prohibits event contracts that reference terrorism assassination war gaming or an activity that is unlawful under any state or federal law or that involves relates to or references an activity that is similar to any of those activities and that the cftc determines by rule or regulation to be contrary to the public.

Rules of practice. 1 standard coupon refers to the then current fixed coupon rates for market agreed coupon mac contracts. Rules relating to review of exchange disciplinary access denial or other adverse actions 10. They argue that eliminating prescriptive execution requirements would permit market participants to use an execution method appropriate for their particular.

The authors understand the current mat rules which require a swap to be liquid before it is deemed available to trade to be a result of the cftc s restrictions on execution methods. These trades would have to meet the following criteria in order to be considered mat. We focus however on the first set of mat certifications for us dollar based trades. In which 20 or more traders hold positions equal to or above the reporting levels established by the cftc.

Off exchange foreign currency transactions 7. Please refer to the mat submissions located on the commission s website that provide the full list of the swaps made available to trade including the swap terms.